MIS lists hints at industry return for ex Tower Investments chief

May 15, 2016

Sam Stubbs: Simplicity NZ founder

After a three-year hiatus from the industry, former Tower Investments chief, Sam Stubbs, has emerged as the backer of a newly-licensed entity listed on the Financial Markets Authority (FMA) website last week.

As a boutique Australasian equities firm Castle Point offers a retail product under the Ranger Fund name as well as the Trans-Tasman Strategy open to wholesale investors only.

According to the latest Aon Hewitt NZ investment survey, the Castle Point Ranger Fund has about $12 million under management. Aon also lists Castle Point as managing $8 million in the balanced fund category.